Standard Chartered recently hosted the first of a series of forums aimed at the development of the Mutual Funds industry in the Mena region.
Local, regional and international experts in the field shared their views and discussed c
The investments into Indian equities, bonds and mutual funds by foreign nationals, mainly those from the GCC, through the new qualified foreign investor (QFI) route could cross the $10 billion mark in the next two years, said experts.
New rules in the UAE on mutual funds, short-selling, and rights issues may be finalised by mid-2012 as part of measures to strengthen the operation of exchanges and attract overseas investors, the regulator said.
Last year, the UAE postpon
The GCC mututal fund assets totalled $34.1 billion as of June 2011 and about 480 funds were active in the region, according to a new survey.
The GCC Mutual Fund Industry Survey 2011 said the dataset included locally domiciled funds, local
The Central Bank of Bahrain (CBB) has released its revised collective investment undertakings (CIU) module of CBB Rulebook Volume 6 dealing with mutual funds, as a consultation paper.
Back in June 2007, the CBB introduced the CIU Module, r
The Central Bank of Bahrain (CBB) has released the revised Collective Investment Undertakings (CIU) module of CBB Rulebook Volume 6 dealing with mutual funds, as a consultation paper.
In June 2007, the CBB introduced the CIU Module,
Bakheet Investment Group, a CMA licensed firm, has signed an agreement to distribute its mutual funds with Derayah Financial. This is the fifth fund distribution agreement to be signed by Derayah with local banks and investment firms.
Saib BNP Paribas Asset Management Company, a leading asset manager in Saudi Arabia and the Middle East, has announced the signing of a distribution agreement for a selection of its mutual funds with Derayah Financial.
Saib BNP is a joint v
Saudi-based Derayah has announced the launch of the largest mutual fund supermarket in the Middle East region, which enables clients to invest in over 60 mutual funds managed by more than 7 banks and investment companies.
The only independ
The GCC mutual fund industry is expected to double in size to around $200 billion by 2012, it has been revealed.
The long-term prospects for the regional asset management industry remain positive, according to Securities & Investment C